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  • Premium Only Plan Enrollment Form - Paypro Administrators

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PREMIUM ONLY PLAN Enrollment Form Employer Name SSN: Employee Name Street City State Zip TAXFREE BENEFIT ELECTION PreTax Election Per Pay Period Your Cost of Insurance Premiums (Health/Dental/Vision,.

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How to fill out the PREMIUM ONLY PLAN Enrollment Form - PayPro Administrators online

Completing the PREMIUM ONLY PLAN Enrollment Form online can streamline your enrollment process for health, dental, and vision insurance. This guide provides step-by-step instructions to ensure you accurately fill out each section of the form.

Follow the steps to complete your enrollment form

  1. Press the ‘Get Form’ button to access the form and open it in the editor.
  2. Begin by entering the employer name in the designated field. Ensure accuracy as this information links your enrollment to the correct employer.
  3. Input the social security number (SSN) in the specified space. Your SSN is essential for identity verification and will be used by your employer for tax reporting purposes.
  4. Provide your full name in the Employee Name section. This should match your official identification documents.
  5. Fill in your address details: street, city, state, and zip code. Accurate contact information is crucial for communication regarding your enrollment.
  6. In the Tax-Free Benefit Election section, indicate your cost of insurance premiums for health, dental, and vision insurance. Enter the amounts under 'Pre-Tax Election Per Pay Period' and 'Pre-Tax Election Per Plan Year'.
  7. Review the Election Agreement carefully. It outlines the terms for your benefit elections and the implications of salary reductions. Ensure you understand your enrollment decisions and their impact on your compensation.
  8. Provide your signature and the date to confirm that you have reviewed the agreement and that all the information is correct. This step is critical as it validates your enrollment form.
  9. Lastly, save your changes, and you can download, print, or share the completed form according to your preferences.

Start filling out your PREMIUM ONLY PLAN Enrollment Form online today to ensure a smooth enrollment process.

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Salary Reduction Agreement. With a Section 125 POP plan, each eligible employee is given the option to opt in to a Salary Reduction Agreement with the employer, in which he or she agrees to the amount of pre-tax salary to be withheld from wages for health care coverage.

A Section 125 Premium Only Plan document allows your employees to voluntarily agree to a “salary reduction” so that the employer can pay their insurance premium as a business expense.

A premium-only plan (POP) allows employees to pay their portion of insurance on a pretax basis. The flexible spending account (FSA) version allows for out-of-pocket qualified expenses to be paid pretax, which is the style of the plan described above.

ADP's Premium Only Plan (POP) helps businesses and employees reduce their tax expenses by allowing employees to pay part of their health insurance premiums with pre-tax dollars. Typical eligible premiums include: Health, Dental, Vision, Disability and Life insurance.

About PayPro Administrators PayPro Administrators is the Broker's TPA. We work primarily with brokers and agents to assist your clients with administrative needs. With that in mind, you can rest assured that we will never sell or offer insurance products – that's your job.

Premium-Only-Plans can be a great way for employers to help employees reduce the cost of medical care and other types of insurance and they can be paired with Flexible Spending Accounts (FSAs) to provide employees even further savings. But they're not compatible with Health Savings Accounts (HSAs).

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